Will it working? - page 2. | Bitcointalksearch.org

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legendary

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Where is my ring of blades...

Quote from: crypto-boy on November 10, 2016, 04:22:30 PM

Thanks guys

Ok I will try first manually then if i will like it and will have my own strategy I will try to make bot for it...

you can do them side by side.
try to learn and as you go on, do the coding also. the only thing you have to leave for the end is the execution of trades. you bot can analyze and report back to you and show you what trades to make and when to buy and sell and then you do the trades manually to find out the bugs and improve it then after a while you can make everything automatic eventually.

equator

legendary

Activity: 1190

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Instead of going for bot why dont you first try how to trade and what percentage of ratio is moving daily in the market, then you will get full idea and then you can create the bot according to that , this will give you more surety of your trading bot success

toy4lov3rs

sr. member

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Quote from: crypto-boy on November 10, 2016, 04:22:30 PM

Thanks guys

Ok I will try first manually then if i will like it and will have my own strategy I will try to make bot for it...

It sounds like you have a good plan going and you have a direction. Just keep your eyes open, learn from lurking. Manually will teach you the skills and decisions to alter how you set your bot. While doing one you are learning to optimize how you are doing the other. Listen to some music while you read up in forums like these, I find it helps me concentrate.

mobnepal

legendary

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$1000 usd of bitcoin is not much to make significant profit with your strategy but you can try margin trading which will multiply your order size for small fee than normal trading fee but both risk of loss and profit is good in margin trading with even small amount of bankroll.

I think better strategy is to look on long term price change rather than lossing in trying to catch few cents movements.

Supercrypt

legendary

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Quote from: crypto-boy on November 10, 2016, 04:22:30 PM

Thanks guys

Ok I will try first manually then if i will like it and will have my own strategy I will try to make bot for it...

Possibly the best thing you can do might be, coding a bot which will do all the technical analysis portions, still you will need yourself to decide and finalise the trading calls. This way you will automate some of your trading activities to avoid hassles.

Bots are good till the point analysis, yes opening/closing trading positions should be done manually for a safer and profitable trading across different market conditions.

crypto-boy

full member

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Thanks guys

Ok I will try first manually then if i will like it and will have my own strategy I will try to make bot for it...

toy4lov3rs

sr. member

Activity: 375

Merit: 250

Quote from: StarofBTC on November 10, 2016, 03:12:46 PM

Quote from: streazight on November 10, 2016, 02:59:48 PM

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

True. Against different market fluctuations most of the bots will not work well. They are simply based on some preset values and codes, when completely new things happen, a bot will not cope up that. Usually all the markets are known for different conditions for different days, so in my opinion too manual trading only will work for a successful trading.

Though it is true that manual trading is more effective, automated can have it's perks. For example manual trading requires your attention and your attention requires you to be awake. What I'm trying to get at is a well set up bot can stimulate your overall growth by giving you small gains during what would normally be stagnant time. Sure it is not as effective as previous posters have brought up already, but after a rough day of trading, it can be nice to appreciate small growth after a long nights rest.

wxa7115

hero member

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Bitcoin is GOD

Quote from: crypto-boy on November 09, 2016, 03:37:42 PM

Hi,

I am not new in bitcoin but I am new in trading..

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1% Huh

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. Roll Eyes

Creating such a bot is not difficult but my opinion is that you need to learn how to trade yourself and then and only then create a bot that simulates your decision making, assuming you are good enough to make money while trading BTC.

StarofBTC

hero member

Activity: 1148

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Quote from: streazight on November 10, 2016, 02:59:48 PM

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

True. Against different market fluctuations most of the bots will not work well. They are simply based on some preset values and codes, when completely new things happen, a bot will not cope up that. Usually all the markets are known for different conditions for different days, so in my opinion too manual trading only will work for a successful trading.

streazight

hero member

Activity: 910

Merit: 502

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

rik3

full member

Activity: 210

Merit: 100

Quote from: crypto-boy on November 09, 2016, 03:37:42 PM

Hi,

I am not new in bitcoin but I am new in trading..

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1% Huh

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. Roll Eyes

I Suggest You to Don't Use Any Bots Fir Trading Because it is illegal By All the Trading site and If you Caught Using a Not then your Trading Account Can be Blocked Permanently By the Trading Website......
I Prefer You to Choose to do Trading Personally Because it will Give You Knowledge and Experience about Trading and You can't Got Blocked By any Site.....

Red-Apple

hero member

Activity: 1470

Merit: 655

it will only work if bitcoin price (or any other thing that you want to trade) always stays between two fixed top and bottom price forever, and we all know that is not true!

try to decide on the prices yourself and use your bot only to watch for stop-loss and execution of orders not making them itself.

X-ray

hero member

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Leading Crypto Sports Betting & Casino Platform

keep in mind if you're using bot set the margin between buy and seel far above the amount which will be deducted few percents for every transaction in the market fee,if the bot could finely running then it's will working,and any technical problem on the bot is on you to check it

yakdivine

member

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Merit: 10

Quote from: n691309 on November 09, 2016, 03:48:37 PM

There is nothing for sure that you will get profit or lose your bitcoins but I think that you should first calculate the exchange fee and estimate a small profit but I would think about cents because basically you will work only for the exchange.

If you are looking for a little profit from exchange or you what to arbitrage I think you have to read this "Arbitrage serves an important function in the Bitcoin economy. Thanks to the individuals and automated bots that actively look for price differences between the various Bitcoin exchanges and buy from one and sell to another if the price disparity ever becomes high enough for the transaction to be worth it, people who are buying or selling BTC for their own use can rest assured that they are paying roughly the same price no matter which exchange they go to. Arbitrage also promotes competition among exchanges; if the only people trading on exchanges were those who were actually seeking to convert their money from one currency to the other, there would not be enough volume on the smaller exchange to sustain them, and it would be very difficult for new entrants to gather up enough momentum to survive".

capoeira

legendary

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Quote from: crypto-boy on November 09, 2016, 03:37:42 PM

Will it working???

don't ask us, backtest it

Dank14

full member

Activity: 252

Merit: 100

Quote from: bamboylee on November 09, 2016, 11:17:30 PM

I have not used a bot before in trading. What I do is I set up the target for buys and sells. It will automatically execute if it hits that price. I think you should also consider the fees when you make the calculations on setting up your bot.

Trading fees of ~0.2% is not going to have a significant impact on your profits.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP if you want to build a high frequency trading bot but have no idea what you are doing, then I would suggest not to pursue it unless you meet someone who does know what to do. But people tend to be secretive about their trading methods because if they show it to someone that would risk it to spread and follow it making the strategy not as effective anymore. Trusting someone to give you the right information outright is also a bad idea. Most of the traders, especially in the Bitcoin scene are mostly greedy bastards.

Caladonian

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Quote from: pooya87 on November 10, 2016, 01:37:56 AM

Quote from: crypto-boy on November 09, 2016, 03:37:42 PM

~~
If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.
~~

you are not considering the most important thing, ask yourself these:
- Will price go down -10 cents or will it go down -10 dollars
- or will it go up and never go down
- and what if it went down -10 cents and never went up +20 cents

trading is not as easy as you may think. you should buy when you think it is going to go up not at current price -10 cent or whatever!

that's right there's a lots of things that is needed to consider mate bot will help but your main experience needs first master the manual trading before you use the bot in that way you will be more familiar with certain movement and you will able to know reason why you need to go in and why you need to go out its the basic principle since we are dealing with our money.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: crypto-boy on November 09, 2016, 03:37:42 PM

~~
If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.
~~

you are not considering the most important thing, ask yourself these:
- Will price go down -10 cents or will it go down -10 dollars
- or will it go up and never go down
- and what if it went down -10 cents and never went up +20 cents

trading is not as easy as you may think. you should buy when you think it is going to go up not at current price -10 cent or whatever!

Zadicar

legendary

Activity: 1386

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DGbet.fun - Crypto Sportsbook

Quote from: clickerz on November 10, 2016, 12:11:15 AM

I did not try to used a bot also but I believe that from time to time you should monitor also.How about if traders are already dumping? Sometimes other trader are simply made a trick on bot, if the bot is active, they can put simply a price higher that will bot will buy a coin,just to get rid of it. Grin

Agree, better to make manual trading so that you could always see your trades because there are circumtances that bots cant comprehend and cant make such decisions. Bot can really be trick especially by those experienced traders thats why we should not fully rely on it.

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